Category: Reliance ADAG

Suvidhaa Infoserve to expand its presence in 100 cities and launch 20,000 franchisee outlets by March 2009.

Suvidhaa, promoted by Paresh Rajde and initially funded by Mr. Shapoor Pallonji Mistry, will use the new capital to aggressively expand its portfolio of service offerings into vertical markets throughout India and enhance business development and marketing efforts.

Suvidhaa brings Services to the doorstep of the Indian consumer. Consumers can now walk into their neighbourhood convenience / kirana stores and purchase all kinds of every day Services such as railway ticketing, mobile recharge, air ticketing, insurance payment, bill payment, bus ticketing, loan origination, movie ticketing and hundreds of other services which are in the pipeline. Suvidhaa makes this S-Commerce possible through its proprietary technology platform which seamlessly integrates these kirana stores to the various Services Providers systems.Continue reading RTVL and Norwest Venture Partners Invests in S-commerce Pioneer, Suvidhaa

The Anil Ambani group on Thursday wrote to the government saying it intended to launch criminal proceedings against exploration regulator V K Sibal for complaining he was facing threat to his life from the telecoms-to-power conglomerate.

Reliance Anil Dhirubhai Ambani Group and Chinese handset maker Yulong are in advanced talks for a joint venture to sell dual mode mobile handsets in India. A deal on this is expected to be signed early next month.

DreamWorks’ backing includes 325 million dollar in bank debt and a matching equity investment of 325 million dollar from Spielberg’s 50 percent partner, India’s Reliance. Importantly, as part of DreamWorks’ recent distribution deal with Walt Disney Co., Disney will lend DreamWorks up to 175 million dollar to fund its movies. Although the 825 million dollar falls far short of the 1.25 billion dollar Spielberg had originally sought, DreamWorks was able to accomplish what most in Hollywood have been unable to do: secure new sources of film funding in financially precarious times. The funds will enable DreamWorks to make 18 to 20 films over the next three years.Continue reading With Financing with R-ADAG, DreamWorks to Produce Six Movies a Year

Anil Dhirubhai Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group, the parent company of Reliance Big Entertainment and Reliance BIG Pictures along with Steven Spielberg and Stacey Snider, the principal partners of DreamWorks Studios jointly announced today the completion of the first phase of funding for their new motion picture company, based in Los Angeles, California. They further announced that J.P.

Morgan Securities arranged the syndication of approximately $325 million of senior debt which Reliance Big Entertainment is matching with its equity commitment. The Walt Disney Studios, who will handle marketing and distribution for the studio, will also extend a loan to DreamWorks as part of the distribution deal.Continue reading Dreamworks closes 1st phase of financing for R-ADAG

Anil Ambani-led Reliance Airport Developers Ltd is on its way to picking up five airports in rural Maharashtra on a 95-year lease for only Rs 63 crore from the Maharashtra Industrial Development Corporation.

Government officials told TOI on Wednesday that the MIDC board had passed the proposal last week and recommended to the government that the five airports — in Yavatmal, Nanded, Latur, Osmanabad and Baramati — be leased at this price. MIDC officials said they could have got a more impressive price in a better economic scenario though state industries secretary A M Khan said the government was satisfied with the price it was getting.Continue reading Reliance Airport gets five projects on lease in Maharashtra

Lowry Digital, a division of Adlabs Films and a member of Reliance Anil Dhirubhai Ambani Group (ADAG), was behind the restored footage of the Apollo 11 moon mission released by National Aeronautics and Space Administration (NASA) last week.

The Reliance Anil Dhirubhai Ambani Group has forayed into the cement business by announcing its plans to set up a 5 million tonne integrated plant and a grinding unit in Maharashtra with an investment of INR 2,250 crore.